Hammond Power Solutions (TSE:HPS.A) Given a C$430.00 Price Target by JPMorgan Chase & Co. Analysts

Hammond Power Solutions (TSE:HPS.A) has been given a C$430.00 price target by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 28.79% from the company’s previous close.

HPS.A has been the subject of a number of other reports. ATB Cormark Capital Markets increased their target price on Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. National Bank Financial increased their target price on Hammond Power Solutions from C$235.00 to C$325.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Royal Bank Of Canada increased their target price on Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group increased their target price on Hammond Power Solutions from C$226.00 to C$348.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$360.60.

Hammond Power Solutions Stock Performance

HPS.A traded up C$32.99 on Thursday, hitting C$333.87. 47,821 shares of the company traded hands, compared to its average volume of 85,892. The company has a 50 day moving average of C$251.80 and a 200-day moving average of C$203.20. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The stock has a market capitalization of C$3.97 billion, a PE ratio of 60.59 and a beta of 0.96. Hammond Power Solutions has a 12-month low of C$96.96 and a 12-month high of C$356.80.

Hammond Power Solutions (TSE:HPS.A) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$2.08 EPS for the quarter. The firm had revenue of C$264.84 million during the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%. Sell-side analysts anticipate that Hammond Power Solutions will post 7.4221267 earnings per share for the current year.

About Hammond Power Solutions

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.